After the massive, 200-pip rally in EUR/USD after US retail sales, the pair has been relatively quiet.
Since midday in New York, the range has been 44 pips — from 1.2771 to 1.2815.
Bids start at 1.2755, which is the 55% retracement of today’s move. More at the post-rally bounce level of 1.2743. More at 1.2700 and starting to get a bit larger. More at 1.2690 and 1.2669.
Offers around 1.2790, more at 1.2815/20 and 1.2865. Today’s high of 1.2886 is another one to watch ahead of rumored strong offers at 1.2900.
